Varroc Engineering Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VARROC, BSE:541578 Varroc Engineering Ltd.

Varroc Engineering Ltd.

22 Jun 2018

430.15

-2.74%

IPO Note Varroc Engineering Ltd

IPO Note: Varroc Engineering Ltd.

HDFC Securities

IPO Note Varroc Engineering Ltd Issue Open: June 26 - June 28, 2018, Price Band: Rs. 965 - 967 (A discount of Rs. 48 per share to the eligible Employee), Issue Size: 20,221,730 Equity Shares (Entirely Offer for sale including Employee Reservation)

Varroc Engineering Ltd.'s price crossed below 30Day SMA today

Varroc Engineering Ltd.

22 Jun 2018

430.15

-2.74%

Varroc Engineering- IPO

IPO Note: Varroc Engineering Ltd.

ICICI Securities Limited

Varroc Engineering (VEL) founded in 1988, is second largest Auto component group with the global footprint. The company primarily has two business lines 1) Varroc Lighting System (VLS) sixth largest player in the global exterior Auto lighting catering to the PV OEMs (accounts for 61% of revenues) & 2) Varroc India business which includes three segments namely - Polymer, Electrical & Metallic catering to 2W, 3W, PV, CV & OHV (accounts for 32.5% of its FY18 revenue). It has low cost strategically located global manufacturing footprint (36 locations) & in-house R&D; capabilities. VEL has long standing...